PARIS (Reuters) – The New York Stock Exchange opened without much change on Tuesday as investors await statements from central bankers and look ahead to inflation data expected at the end of the week.
In early trading, the Dow Jones index lost 6.29 points, or 0.02%, to 35,327.18 points and the broader Standard & Poor’s 500 fell 0.14% to 4,543.76 points.
The Nasdaq Composite lost 0.08%, or 10.83 points, to 14,230.18.
However, all three indexes remain at high levels and are heading for a monthly gain on hopes of lower interest rates next year.
The President of the American Federal Reserve (Fed), Jerome Powell, is due to speak on Friday while the central bank will make its monetary policy decision on December 13.
Before that, interventions by other Fed officials, voting members, such as Christopher Waller and Michelle Bowman are scheduled for the day.
The probability of a 25 basis point rate cut from the Fed in May is currently estimated at around 51%, according to CME Group’s Fedwatch barometer.
“Dreary sentiment persists as investors keep their ammunition dry ahead of a key US inflation report, while the impact of high interest rates on the economy is still being assessed” , explains Susannah Streeter, head of foreign exchange and markets at Hargreaves Lansdown.
The PCE price index, the Fed’s preferred measure of inflation, will be released Friday.
In terms of values, retailers Amazon, Home Depot, Target and Walmart reacted little to preliminary data from Adobe Digital Insights which shows that online spending in the United States for “Cyber Monday” is expected to exceed $12 billion this year. , a record.
Boeing takes 0.59% thanks to the raising of the RBC board to “outperform”.
Cloud computing security specialist Zscaler lost 3.58% after reporting an increase in its operating costs in the first quarter of its fiscal year.
Novavax rises 1.73% after WHO approval of its modified COVID-19 vaccine.
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(Written by Claude Chendjou, edited by Blandine Hénault)
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